ere determined by perhaps unfair or arbitrary characteristics such as race and sex: Black Americans were expected to give up their seat for Whites in the Jim Crow South and women to hand over their earnings or property to their husbands throughout the ages. Hawk-—Dove is not just a post hoc explanation for

l Executive Committee and President of Roland Berger Asia Minister of Finance of Egypt; Chair of the International Monetary and Financial Committee, International Monetary Fund (IMF), Washington DC Senior Vice-President and Chief Sustainability Officer Chairman of the Executive Board and Chief Executive Officer Chairman o

UNTRIES *Kose, M. Ayhan, Eswar Prasad, Kenneth Rogoff and Shang-Jin Wei, “Financial Globalization, A Reappraisal,” December 2006 (revised version of International Monetary Fund, Working Paper WP/06/189, August 2006). IX. WHY MONEY FLOWS FROM NORTH TO SOUTH *Moral Hazard: Obstfeld and Rogoff: pp. 407- 419. Externalities

ame evident to me in my investigation of the rape charges brought (and subsequently dropped) against Dominique Strauss-Kahn, the managing director of the International Monetary Fund, in 2011. Immediately after his arrest, Cyrus Vance Jr, the dis- © trict attorney of New York County, issued a subpoena for Strauss- ® Kahn’s c

ending on Social Security, Medicare, and Medicaid. Note: *Nominal GDP is not adjusted for purchasing power parity (PPP). Population and GDP data per IMF. a USA Inc. | High Level Thoughts 44 HOUSE_OVERSIGHT_020863 --- PAGE BREAK --- The Original Estimates of Medicare’s Costs Were Vastly Underestimate

nds to raise the spirits is knowing that somebody else has it worse. And as wretched as the U.S. economy seems, it's not as bad as in other regions. The International Monetary Fund's latest tally of world economic conditions forecasts a 2.6 decline in U.S. economic output for all of 2009, and anemic growth of 0.8 percent in 2010.

et Office OMB Office of Management and Budget EFSF European Financial Stability Facility FICA Federal Insurance Contributions Act EU European Union IMF International Monetary Fund IF Institute of International Finance ECB European Central Bank EMU European Monetary Union AMT Alternative Minimum Tax A White Castle hamburger

nd many of its allies joined together to establish a host of new international organizations. Those organizations, which included the United Nations, the International Monetary Fund, and the World Bank, were designed to allow mem- ber countries to collectively pursue goals such as stabiliz- ing the international economy, reb

stration the market in derivatives expanded, and alarms about the dangers of this type of investment were ignored. Raghuram Rajan, chief economist at the International Monetary Fund, presented a paper in 2005 warning of a "catastrophic meltdown" and was as a "Luddite" Meanwhile, some investment bankers - at Goldman Sachs in parti